THE OMNIBUS soaErY IA COMPANY UMITED BY GUARArirEE} TRUSfEEY REPORT AND ANANaAL sfATEMEKrs FOR THE YEAR ENDED 31 DECEMBER 2020 COMPANY NUMBEK" 3081365 (ENGLAND & WALES CHARttY 14UMBEK" 1048 CONTEKrs Page Legal and administratple infomation Trusteeg Report Independent Examinerfs Report ststement of Financial ArtNities Balance Sheet Ststement of Cash Flows Notes to the Financial Actrrffties 9-11
THE OMNIBUS SOCIErY (A COMPANY UMrtED BY GUARApifEE) LEGAL AND ADMINisfRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2020 Trustees DAkr R F Barker {resiEned 31 December 20201 N W Eggleton C Gill (appointed 18 September 20201 AP Gipson PW Kirk (retired by rotstion and re-appointed 18 September 20201 G J Lusher JHPedd P S Russell AP TyldsW (appointed 18 September 20201 Seryetary A J Francis Company Number 3081365 Charity Number 1048887 Prlnclpal Office & Reglstered Office San(hvell Street Walsall WSI 3EB Reportln8 Acclwntsnts The Barker Partnership Chartered Ac£ountsnts 44 Kirkgate Ripon North Yorkshire HG4 IPB
THE OMNIBUS soaETY (A COMPANY UMrrED BY GUARAKfEEI TRusfEES' REpoKf FOR THE YEAR ENDED 31 DECEMBER 2020 The Trustees pserrt their report and accounts for the year ended 31 December 2020. Constltution and ObFects The organisation is a charitable compary limrted by guarantee. incorporated on 19 July 1995 and registered a5 a charity on 26 August 1995. The charrvs objects and regulations are governed by the memorandum and articles of association. The object of the charity is to advance the education of the public in the history of road pawn8ertransport. TThteeS. Trustees and Prindpal OFficers The trustees of the charitable company are its trustees forthe purp)se of charty law and throughout this reportare collectivety referred to asthe twstees. The trusteesthat served in the period are shown on page 2. New trustees are Selected based on the skills they can provide in order to ensure proper governance of the company. ProspettNe tnFSteesare interviewed and when app)inted provided with appropriate induction. Publlc benefft The trustee5 have referred to the guidance contsined in the Charity Commission's general guidance on public benefrt when reviewing our aims and objettives and in planning our future activkties. In particularthe trustees consider how artivities will contribute tothe aims and objectfvesthey have set. Reserves pollcy The Trustees have reviewed the charivs requirements for reserves in light of the main risks to the organisation. The resee5 are needed to meet the working capital requirements of the charity on an annual basis and the trustees are mindhjl of the need to keep the unrestricted reserve5 at a level which will meet these requirements. Summary of artl¥ltles In the year During the year attNities were severety curtailed due to the Coronavirus pandemic. Nevertheless, a small number of trips. lettures and meetings were held when pemiitted. and some meetings were held through the medium of Zoom. Several books were published. Summary of the flnanclal perfornwnce In 2020 the manner in which branches and other affiliates were funded has changed in that they now receive a block grant each year. rather than being based on indpiidual member subscripth)ns. This is refiected in the accounts as an increase in income to the or8anisation, and an increase in charitable expenditure. There have been no rther donations in relation to the settlng up of the Bus ArchNe in 202012019- £10,911}. Furtherniore. no legacies were recerved in 202012019- £83,267, of which 50% was, in accordance wlth the board's policy. re-gifted to The Bus Archive). Overall, an operdting deficit of £3,630 {2019- surplus of £37,795) was achieved. supplemented by unrealised investment gain5 of £24.233 (2019- £43.589).
THE OMNIBUS soaErY IA COMPANY UMITED BY GUARANTEE) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DE*ER 2020 (contlnued) Over the year the reserves of Omnibus Society have risen to £430.204 at the yearond12019 - £409,601). The trustees believe this represents a very heaFthy reserrfe to sustain the fvture operation5 of the society and they continue to seek opportuntties to use this to further the Soclevs charitable objectrves. After the year end the Society has made a loan of £250.CKMJ to The Bus Archlve to facilitate purchase of new premises. Trustee5' responslbllltles The trustees are responsible for preparin8 the Trustee Annual ReFJOrt and the accounts In accordance with applicable law and UK Generally Accepted Accounting Practi. Company law requires the trustees to Ppare the finanaal ststements for each financial year which give a true and fair view of the stste of affairs of the tharitable company and of the incoming resources and application of sourCeS. including the income & expenditure. of the charitsble company for that period. In preparin8 these financial statements the trustees are required to: al select suitsble accounting policies and then apply them consistentlv: bl observe the methods and principles in the Char[t$ SORP. c} make judgements and estimate5 that are reasonable and prudent: dl state whether applicable UK Accounting Stsndards have been follovMI. subject to any material departures disctosed and explained in the finènaal statements and.. e} prepare the financial statements on a goin8 cOnrn basis unless tt is inappropriate to assume that the charitable company will continue in operation. The trustees have overall responbIlIty for ensuring that the drible company has appropriate systems of control, financial and otherwise. They are resp)nsible for keeping proper accountlng records which discbse wlth 8$Onable accuracy at any time the financial posttion of the charitable company and which enable them to ensure that the financial statements comply with the Companies Art 2006. They are also responsible for safeguarding the assets of the charitable company and heno for taknng reasonable steps for the prevention and detection of fraud and other irregularities. Small Company Provisions This report has been prepared in accordance wlth the Ststements of Recommended Practice: Accounting and Reporting by Charities (issued in January 20151 and in accordance with the special provisions for small companies under port 15 of the Companies Act 211)6. Thi5 report was approved by the tru5tee5 and signed on its behalf by: , Chairnian Date
THE OMNIBUS SOCIETY- {A COMPANY LIMITED BY GUARAwfEE} INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 I report on the accounts forThe Omnibus Society Limited Icharlty number 1048887) forthe year ended 31 December 2020 which are set out on pages 6 to 11. RÉspectlve responslbllltlè$ of trustées and exarniner The charlS trustees (who are also directors of the company under company lawl are responsible forthe preparation of the accounts. The trustees consider that an audtt is not required this year under Section 144 of the Charities Act 2011 and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under Part 16 of the Companies Act 2006 and is ellgible for independent examination. rt Is my responsibility to: examine the accounts ijnder section 145 of the Charities Act 2011 to follow the procedures laid down in the General Directions glven by the Charity Commission lunder section 14515llbl of the 2011 Act): and to stste whether particular matters have come to my attention Ba51s of the independent examlnerfs report My examination was carried out at¢ordance with the General Directions gFven by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual Stems or disclosu5 in the accounts, and seeking explanation5 from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent examlnerfs statement In connection wlth my examiftation. no matter has come to my attention.. which glves me reasonable cause to believe that in any material respect, the requirements.. to keep proper accounting records lin accordance with Section 386 of the Companies Act 21K161,' and to prepare accounts which accord with the accounting records, comply with the accounting requirements of Section 396 of the Companies Act 2rKJ6 and wf(h the method5 and principles of the Statement of Recommended Prartice: Accounting and Reporting by Charities have not been met- or whlch. in my opSnion, attention should be drawn in order to enable proper understanding of the accounts to be reached. Signed: MrSKayFCCA The Barker Partnership 44 Kirkgate Ripon North Yorkshlre HG4 IPB
THE OMNIBUS soaEfY (A COMPANY UMITEO BY GUARANTEE) srATEmETr OF FINANaAL AcfMTIES FOA THE YEAR ENDED 31 DECEMBER 2020 Total Totsl 2019 Income and Endowm¢fits from: Donatlons and legacles received Income from other tradin8 artrvities Glft ald tsx refvnds Income from investments 25,593 2.240 9.911 102,176 6.337 5,634 694 Total Income ¥328 114WI Expendltur¢ on: Charbtable artivities 41,958 77.046 Tot¥1 Expendlture 41.958 Net Incomel(exp•ndlture) 13.6301 37.795 Galn$ on Investment •ssets Extraordln¥ry Item - Donatlm to tharfty mie Bus Archlvel 24,233 43,589 110.911) Net movement In fvnds 20.fA)3 70,473 Balances brou8ht forward at i January 409,601 339.128 8•lan¢es carrled fr•ThY•rd at 31 December 430204 409,601
THE OMNIBUS SOCIETY IA COMPANY UMITED BY GUARANTEE) BALANCE SHEET AT 31 DECEMBER 2020 Total Total nds 2020 2019 Flxed Assets Investments 342,971 342,971 243,738 243,738 Current Ass•ts Debtors Cash at bank and In hand 1,5 131.739 133.329 456 197,079 197.535 Liabilitles: amounts fallSng due withln one year 31,672 Net Current Assets 87,233 165,863 Liabllltles: amounts falling due after one year N•t Assets 430.204 409,601 Fund$ General SelveS 430204 409AOi
THE OMNIBUS SoCIy IA COMPANY LIMITED BY GUARAPITEE) srATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2020 Total Fu Total 2019 surplu{lo$S} for the year 20.fA13 70,473 Adlustments to cash Ilows from fil¢45h Items Depreciation Unreallsed galns {24,2331 143.5891 13,6XI) 26,884 Worklng capltal adlustments Decrea5e/llncreasel In debtors Increase/ldecreasel in credFtors 11.1341 14,424 6,185 7,714 Net ¢a$h from operatlng aclmtles 40.783 Acqulsitions of tan8ible assets Disposal of tangible assets Acquisitlons of investments 175.0001 Net c4sh fl¢y 65.340 40,783 Cash and equbvalents at l January I9779 156.296 C85h and equlvalents at 31 D•¢omber 131,739 I9779
THE OMNIBUS soaEfY- (A COMPANY UMITED BY GUARANTEE) BALANCE SHEET AT 31 DECEM8ER 2020 (CONTINUED} Truste ' Statement ulreil b the Corn ni In approving these accounts as trustee5 of the company we hereby confimi that.. la} For the year ended 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2(K)6, relating to small companies. {bl The members have not required the company to obtain an audit of its accounts for the year In question in accordance with Section 476 of the Companies Act 2006, and Icl The trustees acknowledge their responsibilitles for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companie5. These accounts were approved by the Board of Trustees. and signed on their behalf by gg Chaim7an Dated Registration number 3081365 The note5 on pages 10 to 11 form an integral part of these Financlal Statements.
THE OMNIBUS SOOEtY. IA COMPANY UMITED BY GUAWITEEI NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 l. Ac£ountlng Pclkles 1.1 Accounting con¥enlion The financial statements have been prepared under the historKal cost basis. as modrfied by the revaluation of tertain fued assets measured at fair value. The accounts have been prepared in accordance with the Flnancial Reportin8 Standard 102 leffectNe January 20151. and the requirements of Accounting and Reportin8 by Charities: Statement of Recommended Practice applicable to charIt$ (effective January 20191 IFRS SORP 20151 and the Companies Act 2CKI6. 1.2 Fund$ General funds represent the fvnds of the charity that are not subject to any restrlttlons regarding their use and are available for application on the general purposes of the tharity. 1.3 Income R¢w8nltSon of In These are included In the Ststement of Financial Activities ISOFAI when,. the charlty becomes entitled to the resources: the trustees are virtualty certain that they wlll recefve the resources; and the monetary value can be measured wlth sufflclent rpliability. Incomlni resources wlth related expendlture Where Incomin8 resources have related expÈndrture. the in¢orning resource5 and the related expenditure are ported 8ross in the SOFA. Donatlons •nd leBades Donations and le8acies are only included Sn the SOFA when the charlty has unconditlonal entitlement to the resources. T¥x redalms on donatlons and 8lfts Incoming resources from tsx reclalms are Induded sn the SOFA when the tsx refund is paid. Income from Investments Interest entitlements are accounted for as tw accrue. Tax recoverable on such income is reco8nised In the Same accountin8 year. 1.4 eipendltufe Expenditure is cognLsed on an accruals basis as a Ilabllity ts incurred. Expenditure Includes any VAT whkh ¢annot be fully recovered. and is reported ès part of the expenditure to whl¢h it relates. io
THE OMNIBUS SOCIEfY (A COMPANY UMITED BY GUARAiifEE) NOTES TO THE FINANCIAL STATEMEf4TS FOR THE YEAR ENDED 310ECEMBER 2020 2. Fixed asset Investments Totsl Valuatlon At ljanuary 2020 Purchases Realised and unrealised gains At 31 December 2020 243.738 75,¢XIO 24,233 342.971 2020 226,846 Hlstorfcal Cost as at 31 December 2019 151.846 3. Debtors Other debtors 2020 2019 456 1,590 4. Liablllties: amounts falllng due wrthln one year Accrued charges and other creditors Membership fees in advance 2020 27,340 18.756 46,096 2019 13,033 18,639 31,672 5. General Reser¥es Totsl Balance at l January 2020 Incoming resources Investments- unrealised gains Resources expended Balance at 31 December 2020 409,601 38,328 24.233 141.9581 43D.204 li